European Factors-Shares set to recover from U.S. data gloom

LONDON Aug 10 (Reuters) - European futures pointed to a higher open for
equities on Monday, with traders citing a positive ripple effect from late Wall
Street trading and Asian markets despite ongoing jitters over the impact of an
expected U.S. interest-rate rise later this year.

Greece was also back in focus as hopes grew for a speedy wrap-up to bailout
talks designed to keep the country from financial ruin.

European equities ended last week on a downbeat note after U.S. jobs data
reinforced expectations of a U.S. interest rate rise soon. Traders said Monday
would see some catch-up gains in Europe following a late recovery on Wall Street
and a slight push higher in Asia, where China's stock markets got a lift on
investor expectations of yet another round of policy stimulus.

"The gut reaction to the (U.S.) non-farm payrolls was to sell, but...we saw
U.S. markets pare back a significant portion of their initial losses and we're
seeing that filter into today's open," Jonathan Sudaria, a trader at London
Capital Group, told clients.

There was also an injection of optimism over Greece, which according to an
official hopes to conclude negotiations with international creditors by early
Tuesday at the latest.